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Looks like massive sells to me. Many stocks like this tipped by ST of Ic seem under the cosh at present.
Seems like some one is accumulating stock here with a big 1 million share trade today and plenty of buys last week too...
I've doubled up ready for post inflationary bubble re-rate ... ???
https://www.thedrum.com/news/2022/09/29/brave-bisons-radically-different-marketing-company-just-don-t-call-it-agency
Seems like Bros mean business!!
YoY Growth
Revenue EBIT/DA NI EPS OCF Cash Outlook GC
102% 319% 512% 200% 39%
Given digital marketing spend is the easiest to track actual returns from it makes sense that it will be more resilient than other spending. BB has recurring revenue too. I've just added while spread is narrow
STOP BEING A WUSSY AND BUY THE STOCK HAND OVER FIST.
BBSN should have less cyclical features than most peers.
sorry ignore that .. Ive left my Accounts head in bed...
7 mill Tax on 8 mill profit? Kwarteng hasn't waved his magic wand just yet... and Corbyn got in! Hopefully good business strategy and sound accounting can reduce the TAX in future
Seems high with Corp rates at 20% ?
8.2million is gross profit , pre tax profit £1million, still very good numbers, well done to BB!
Great Figures from this micro cap . If this is missed by the Market ill be topping up later today.
23Million Market Cap,
8.2 Million Profit
You wont see figures like that very often
Slowly creeping up under the radar. Keep going
"House broker Cenkos Securities has taken note, raising its full-year adjusted pre-tax profit estimate by 10 per cent to £2.2mn on expectations that annual revenue will rise 35 per cent to £29.2mn. Brave Bison has over £50mn of historical tax losses (a result of previous management failure) that can be used to offset tax liabilities on future profits, so more cash flow can be recycled back into the business to support organic growth initiatives as well as further bolt-on acquisitions. Cenkos expects the group to generate £1.8mn of cash from operations this year and is pencilling in net cash of £5.9mn (6p a share) at the year-end, up from £4.8mn at the end of the first half.
On this basis, net of cash on the balance sheet, the £24.9mn market capitalisation company is priced on nine times forecast post-tax profits this year, a deep discount to sector peers. My 3p a share target price could prove conservative. Buy.
From the Cenkos Note on 20 July 2022. "Valuation – Brave Bison trades at a discount to peers across EV/Sales, EV/EBITDA
and P/E metrics, we believe EV/EBITDA is the most relevant profitability valuation metric to focus on at this stage given the sizable net cash balance that could be deployed. On this metric, Brave Bison trades on an FY1 EV/EBITDA multiple of 5.9x versus 8.9x for peers."
Great news here - at last. The future looks brighter.
On A 2 million buy. Someones taking the P
I've held these for several years. I can now feel very confident that I should make a good return thanks to the Greens. They have a dynamic strategy whi which they are delivering. Feel the best is yet to come within.the next year or so. Hopefully 3.5 to 4p as the profits keep rising.
2Seabass, it seems someone saw your post about muted response and decided to act on it lol
It seems that the placing shares have now found sticky hands and that the SP is free to move north.
Perhaps most waiting for agm and then July for results. Remember probably many placing shares to be churned. Still believe Greens will sell BBSN in about a couple of years after fully transforming businesses for 3.5-5p. Long wait for impatient aim gamblers!!
super news,,, buzzing up
Yes, I was there. An overview of the business and the financials. They did stress the value of offsetting previous losses against tax on future profits. They said they are looking to make further savings on office space. They seem very competent and motivated if not everyone's cup of tea.
Anyone see their talk at Mello? Would be great to hear a trading update from them or see some news flow. Maybe with the re-launch of the Brave Bison brand?
The IC has initiated coverage with an Alpha small company research note.
The target price is 3.15p
Am i missing something?